A Private company can commence business as soon as it receives

Which among the following is regarded as the most important document of a company?

A. Annual Report

B. Prospectus

C. Articles of Association

D. Memorandum of Association

When there is no profit in one year or the profit of a company is not enough to pay the fixed dividend on preference shares, the arrears of dividend are to be carried forward and paid before a dividend is paid on the ordinary shares. This is called:

A. Participating preference shares

B. Cumulative preference shares

C. Non-cumulative preference shares

D. Non-Participating preference shares

Under the Companies Act every person subscribing to the Memorandum of a company must take at least

A. 100 shares

B. 20 shares

C. 10 shares

D. 1 share

What do you mean by pursuit?

A. Authorising the destruction of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society

B. Authorising the dissolution of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society

C. Authorising the formation of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society

D. Authorising the reconstruction of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society